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we had been putting forward our solutions, whether it was on the economy, the fiscal cliff, how to get americans back to work. we'd been putting that forward and we got re-elected. >> america is not demanding a second liberal party. they've already got a liberal party, if that's what you believe. the republican party should be bold and confident, and its conservative values from economics to foreign policy to values. >> get our economic house in order and stay out of people's lives beyond. >> we need to stand for growth, for prosperity, for jobs, for entrepreneurship, for innovation, for dreaming for a better life, and therefore, we need to lead to welcome immigrants. just one more thing. english is the national language of the united states, but the official language of government is a silly, ridiculous thing in the 21st century. >> this is going to be a conversation for another time. fascinating. thank you, all of you. and candy, we certainly missed you here. that's for sure. >> you all make me sorry -- you make me sorry i'm not there. what a great conversation. carlos gutierrez, jon
we had been putting forward our solutions, whether it was on the economy, the fiscal cliff, how to get americans back to work. we'd been putting that forward and we got re-elected. >> america is not demanding a second liberal party. they've already got a liberal party, if that's what you believe. the republican party should be bold and confident, and its conservative values from economics to foreign policy to values. >> get our economic house in order and stay out of people's lives...
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Nov 7, 2012
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the cliff, reduce the deficit, cut spending and raise revenue so we can get our fiscal house in order. >> this is months and months of conversation. lay out the vision of what that looks like which, by the way, would be something that both sides agree to. what does it look like? >> simpson bowles. that's what it looks like. 11 of us, of the 18, voted for it, including all three republican senators, two with of the three democratic senators, myself and senator conrad. it really is the outline we need to follow. it puts everything on the table. it is balanced. it includes revenue. it really focuses on economic recovery. make sure this economy is really chugging forward. and then let's get serious about this deficit. but put it in writing. make it enforceable. >> there is a major gap if you look at the white vote between what governor romney got and what president obama got. how do you close that gap or does the democratic party become the party that minorities support and the republican party becomes the party that white people support? >> noch. you saw in states like ohio where white v
the cliff, reduce the deficit, cut spending and raise revenue so we can get our fiscal house in order. >> this is months and months of conversation. lay out the vision of what that looks like which, by the way, would be something that both sides agree to. what does it look like? >> simpson bowles. that's what it looks like. 11 of us, of the 18, voted for it, including all three republican senators, two with of the three democratic senators, myself and senator conrad. it really is...
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Sep 21, 2012
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one of the problems right now is we face this thing called a fiscal cliff where taxes are going to be increasing and also at the same time, very major spending cuts january. well, you don't want to do that. you don't want to get deficit reduction under way too fast because there's not enough energy in the economy, not enough private spending by companies and also by individuals to keep us going. >> grover norquist, i listen to george stephanopoulos earlier, quite interesting. he was actually not saying this has been a terrible time for mitt romney. he thinks the race is pretty wide open, the polls are still very close, and anything could happen. what does mitt romney need to do, though, from your point of view, you're a very influential figure in the party. what has he got to do to refocus, to regalvanize and to try and get the right message over now to win this election? >> well, he needs to keep saying what he has been saying and force the press to focus on that. for heaven's sakes, in the last couple of weeks, we've seen the entire bump that obama got disappear. the gallup poll has
one of the problems right now is we face this thing called a fiscal cliff where taxes are going to be increasing and also at the same time, very major spending cuts january. well, you don't want to do that. you don't want to get deficit reduction under way too fast because there's not enough energy in the economy, not enough private spending by companies and also by individuals to keep us going. >> grover norquist, i listen to george stephanopoulos earlier, quite interesting. he was...
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Nov 4, 2012
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cliff? a series of tax increases and spending cuts next year that could threaten the economic recovery. all that means is that the balance of power matters. >> reporter: in the republican wave of 2010 democrats lost control of the house, but they kept the senate. democrats control 53 seats in the 100 member chamber. republicans need four to take over if president obama wins re-election. three if governor mitt romney wins. since vice president paul ryan would serve as the tiebreaker. 33 seats are up for grabs. >> it's possible, although it's looking increasingly unlikely that republicans will be able to gain control of the senate. >> why is that? for one thing there's main republican olympia snowe's unexpected retirement from a body she described as hopelessly partisan. republicans will likely lose that seat. then there are the self-inflicted wounds like this comment from republican todd akin who is running in missouri. >> if it's a legitimate rape, the female body has ways to try to shut tha
cliff? a series of tax increases and spending cuts next year that could threaten the economic recovery. all that means is that the balance of power matters. >> reporter: in the republican wave of 2010 democrats lost control of the house, but they kept the senate. democrats control 53 seats in the 100 member chamber. republicans need four to take over if president obama wins re-election. three if governor mitt romney wins. since vice president paul ryan would serve as the tiebreaker. 33...
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Nov 8, 2012
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party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the far right. they did it on the far left. >>> plus, iran could become the biggest challenge the president faces in the next four years. what my sources are telling me about iran's reaction to obama's victory. full-size pickups on the road. and now we've also been recognized for lowest total cost of ownership -- based on important things, like depreciation, fuel, and maintenance costs. and now when you come in, you can trade up to get a total value of $8,000 on a 2012 chevy silverado all-star edition. from outstanding value to standing the test of time, chevy runs deep. we'rwith questions fromtump sombing elections
party heading into the discussions we got over the fiscal cliff and the question of who's going to solve the debt crisis, who's going to solve the financial crisis, who's going to get us more jobs. i think that's an issue the republicans in congress have to think of because that's where they failed. >> thank you. >>> it wasn't just the minority voters or women who helped the president. remember karl rove's whole thing? put a little ballot initiative that riles up your base on the...
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Dec 29, 2012
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. >> and it's about the fiscal cliff. negotiations going on this weekend to try and keep from going off the fiscal cliff. the deadline's now just three days away. president obama's modestly optimistic the top democrat and republican in the senate can work things out. jessica yellin has more on what needs to happen in order to make a deal. >> alison, christy, hi. well, the good news is, things could have been worse. it does seem those of us watching the sidelines as though time is running out. congress does some of its best, at least the speediest work when the nation's back is against the wall. >> reporter: after a rare oval office meeting, the president said he's modestly optimistic a deal can come together, emphasis on modestly. >> the american people are watching what we do here. obviously their patience is already thin. this is deja vu all over again. >> reporter: all sides left in agreement, at least over their next step. >> we'll be working hard to try to see if we can get there in the next 24 hours. >> whatever we
. >> and it's about the fiscal cliff. negotiations going on this weekend to try and keep from going off the fiscal cliff. the deadline's now just three days away. president obama's modestly optimistic the top democrat and republican in the senate can work things out. jessica yellin has more on what needs to happen in order to make a deal. >> alison, christy, hi. well, the good news is, things could have been worse. it does seem those of us watching the sidelines as though time is...
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Dec 1, 2012
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done on the fiscal cliff. >> i think a lot of people made the pledge 20 years ago, 50 years ago and i think they realize we're in a very critical time for our country and this issue has to be dealt with. revenues needs to be a part of the component and entitlement reform, true entitlement reform has to be there also in order for us to put this in the rear view mirror. >> that's a big change. so what would the former republican party flag bearer say. >> change can't be measured in speeches. it's measured in results. >> that was mitt romney attacking president obama, but it works for his own party, too. now, let's move on to immigration. romney's deportation stands didn't sit well with a growing number of hispanic voters and now two retiring reporters are pushing their own version of the dream act. it gives children the path to citizenship. >> we're introducing this legislation, which is not dissimilar from what the president has done de facto as a way of righting the situation, but doing it the right way. namely, to change the law. >> change can't be measured in speeches, it's measur
done on the fiscal cliff. >> i think a lot of people made the pledge 20 years ago, 50 years ago and i think they realize we're in a very critical time for our country and this issue has to be dealt with. revenues needs to be a part of the component and entitlement reform, true entitlement reform has to be there also in order for us to put this in the rear view mirror. >> that's a big change. so what would the former republican party flag bearer say. >> change can't be measured...
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Nov 21, 2012
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and chairman ben bernanke on the fiscal cliff. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being funny, bob. i know. just unroll it, fill, top, bake, and present. that must have taken you forever! it was really tough. [ female announcer ] pillsbury pie crust. let the making begin since ameriprise financial was founded back in 1894, they've been committed to putting clients first. helping generations through tough times. good times. never taking a bailout. there when you need them. helping millions of americans over the centuries. the strength of a global financial leader. the heart of a one-to-one relationship. together for your future. ♪ reminds me of our network before cdw virtu
and chairman ben bernanke on the fiscal cliff. well, if it isn't mr. margin. mr. margin? don't be modest, bob. you found a better way to pack a bowling ball. that was ups. and who called ups? you did, bob. i just asked a question. it takes a long time to pack a bowling ball. the last guy pitched more ball packers. but you... you consulted ups. you found a better way. that's logistics. that's margin. find out what else ups knows. i'll do that. you're on a roll. that's funny. i wasn't being...
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Jul 13, 2012
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as we're hurdling toward this fiscal cliff, republicans are saying, no, we can't cut government spending. i.e., defense, because that will mean millions of job lost, imply that if you cut government spending, you lose jobs. the democrats are the ones saying we can't let taxes go up on the middle class at a time like this. which leads me to believe that movie you showed of the train, i think you should have put up the "titanic." we know w that one ends. it hits the iceberg and has that kind of crash. going into this election season, there's going to be no grand bargain now. hard to see one happen during a lame duck session. i think we will begin to see some of those sequestered cuts kick in. some of those tax increases which will ironically make the budget deficit look a little better. >> that's true. they may hurt. maybe, peter, that would make it worth it, we take those sequester cuts. you let the bush tax cuts expire. it's paiul, yes. but you do get more money. is it the right thing to do? >> i don't know that it's the right thing to do. we need to fix what's broken in the economy so i
as we're hurdling toward this fiscal cliff, republicans are saying, no, we can't cut government spending. i.e., defense, because that will mean millions of job lost, imply that if you cut government spending, you lose jobs. the democrats are the ones saying we can't let taxes go up on the middle class at a time like this. which leads me to believe that movie you showed of the train, i think you should have put up the "titanic." we know w that one ends. it hits the iceberg and has that...
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i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on deficit reduction, i simply took the midpoint of the public offers to demonstrate where i thought a deal could be reached at the time. he's very much backing away from speaking boehner's letter, but the question i wanted the to ask you -- >> can we spend one more point on that? >> of course. >> what did he say? that was the midpoint of a compromise from the two. so, here's speaker boehner who is taking a new point on the compromise between the two sides and offered it and it's already flatly rejected? >> i think what he might be rejecting, sir, if i may -- >> no, i'm not talking abo about erskine bowl
i'm certain if this is not good enough for the white house, we will go over the fiscal cliff because this is a compromise on taxes. this is a compromise on mandatory spending and it's a compromise on discretionary spending over what the select committee had debated. >> the details if we can and i should mention that erskine bowles put out a statement saying this -- does not represent the bowles-simpson plan, nor is it the bowles plan. in my testimony before the joint select committee on...
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Nov 8, 2012
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you can't get a deal on the fiscal cliff, the president can't get bha he wants from the republicans unless he agrees to deep cuts in medicare. so he's going to have to be the negotiator in chief in the early term. it's going to be hard. >> the social secretary is going to be more active bringing some of those democrats and republicans over to the white house for a meal or cup of coffee. >> domestic diplomacy. >> very important stuff. john, thanks very much. president obama already faces a serious new foreign policy challenge. there's word today from the pentagon that in the closing days of the election campaign iranian jets fired on a u.s. drone. let's get the details from our pentagon correspondent barbara starr. what are you learning, barbara? >> wolf, it was last thursday just one week ago we now know two iranian russian made jets very workable flew out into the persian gulf into international air space according to the pentagon and fired at a predator drone, a u.s. air force predator drone that the pentagon says was on a routine surveillance mission. although that mission was classifie
you can't get a deal on the fiscal cliff, the president can't get bha he wants from the republicans unless he agrees to deep cuts in medicare. so he's going to have to be the negotiator in chief in the early term. it's going to be hard. >> the social secretary is going to be more active bringing some of those democrats and republicans over to the white house for a meal or cup of coffee. >> domestic diplomacy. >> very important stuff. john, thanks very much. president obama...
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Nov 17, 2012
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but without a compromise with the republicans, america could be headed over the fiscal cliff. joining me is the ceo at pimco. mohammed, welcome back to the show. you say taxes will and should go up for the wealthy. you predict republicans in your words will "shout and scream" but ultimately they'll go along with the tax hike for the sake of avoiding an economic disaster. that was the president, not republicans that blinked in 2010. why do you think the republicans will back down now? >> i think it's different this time around. first, nobody wants to go over the fiscal cliff. as you said, this implies a recession, implies unemployment going up and shooting ourselves in the foot at a time when the global environment is much more difficult. see what is happening in europe, in the middle east and china. secondly, we just had an election, ali. the message, one of the messages of the election was one of shared responsibility and farrer burden sharing. it's a period in which the rich have done extremely well. not just on the up side, but also in terms of being protected on the down s
but without a compromise with the republicans, america could be headed over the fiscal cliff. joining me is the ceo at pimco. mohammed, welcome back to the show. you say taxes will and should go up for the wealthy. you predict republicans in your words will "shout and scream" but ultimately they'll go along with the tax hike for the sake of avoiding an economic disaster. that was the president, not republicans that blinked in 2010. why do you think the republicans will back down now?...
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Nov 7, 2012
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and it won't be solved by raising taxes or taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. mr. president, republican majority here in the house stands ready to work with you to do what's best for our country. that's exactly what i told the president earlier today. that is the will of the people, and we will answer to them. and doing what's best means fully considering the impact of the policies that will be set in motion. the independent accounting firm ernst and young says going over part of the fiscal cliff and raising taxes on the top two rates would cost our economy more than 700,000 jobs. ernst and young also confirm that many of those hit with a rate increase will be small business owners. the very people who both parties acknowledge are the key to private sector job creation. there is an alternative to going over the fiscal cliff. in whole or in part. it involves making real changes to the financial structure
and it won't be solved by raising taxes or taking a plunge off the fiscal cliff. what we can do is avert the cliff in a manner that serves as a down payment on and a catalyst for major solutions enacted in 2013 to begin to solve the problem. mr. president, republican majority here in the house stands ready to work with you to do what's best for our country. that's exactly what i told the president earlier today. that is the will of the people, and we will answer to them. and doing what's best...
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to avoid falling over this fiscal cliff. this week the president sent over his plan to republicans. there was $1.5 trillion in tax increases and an additional 50 billion in stimulus spending. republicans were not happen wet offer. john boehner called the plan bait and switch and minority leader much mcconnell made him burst into laughter. >> across the globe today is world aids day, the white house marking the event by displaying a red ribbon on the north portico, a life picture of the white house, an international show of support and awareness, in a proclamation president obama says in part that the united states is committed to preventing the disease is quote, spending and ending this pandemic once and for all. >> do same-sex couples have a constitutional right to mayor? we don't know yet. the u.s. supreme court held a closed-door meeting to decide whether to hear a series of appeals. but they didn't say if they will take action on the divisive issue. some took this as a sign that nine justices need more time. we expect an
to avoid falling over this fiscal cliff. this week the president sent over his plan to republicans. there was $1.5 trillion in tax increases and an additional 50 billion in stimulus spending. republicans were not happen wet offer. john boehner called the plan bait and switch and minority leader much mcconnell made him burst into laughter. >> across the globe today is world aids day, the white house marking the event by displaying a red ribbon on the north portico, a life picture of the...
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cliff that is looming. if the president is going to say he's 100% committed to only tax -- extending the tax cuts for up to $250,000 a year. could we be at an impasse if republicans are saying, no it's got to be for everyone. >> we are at an impasse until beyond the election. as i'm asked from constituents across the district in the country, i tell them the results of the election in november will determine what happens in the lame duck session after november and before the december 31st expiration of these tax brackets. and i think that's what this is about. it's about the election for the president. it's not about ending his spending spree. this tax increase on those making over $250,000 a year does not do a thing to solve the president's spending problem. it is a spending problem and a problem of a stagnant economy with a burden of obamacare and burden of regulations and uncertainty out there. i'd like to see people making over $250,000 a year make more. they'll create more jobs with that. and republican
cliff that is looming. if the president is going to say he's 100% committed to only tax -- extending the tax cuts for up to $250,000 a year. could we be at an impasse if republicans are saying, no it's got to be for everyone. >> we are at an impasse until beyond the election. as i'm asked from constituents across the district in the country, i tell them the results of the election in november will determine what happens in the lame duck session after november and before the december 31st...
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. >> there are two parts of the fiscal cliff. one is the sequester we're talking about and the other is the tax piece. what the president has said on that is very clear. immediately extend tax relief 100% of the $250,000 income. republicans have said we're going to hold middle class taxpayers hostage. we're not going to give tax relief to 98% of people unless very high incomers like mitt romney get a tax break. i don't think that's a sustainable position come january 1st. >> how worried are you right now about your constituents, for example, in montgomery county, maryland, some other counties in maryland? there's a lot of defense contractors, a lot of people have their jobs in defense-relate ed industries in your district. >> i'm worried in defense and on defense. i know people focus on defense, that's an important part. there are also very important investments we make in trying to find cures and treatments to cancers and other diseases, the fda that provides safety for our food supply. these are orr cuts we would also face. >>
. >> there are two parts of the fiscal cliff. one is the sequester we're talking about and the other is the tax piece. what the president has said on that is very clear. immediately extend tax relief 100% of the $250,000 income. republicans have said we're going to hold middle class taxpayers hostage. we're not going to give tax relief to 98% of people unless very high incomers like mitt romney get a tax break. i don't think that's a sustainable position come january 1st. >> how...
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cliff tomorrow if republicans would agree to extend the middle class tax cuts. okay. what we need from our leaders is leadership. that statement tells me we're going to be seeing more gridlock ahead. doug holt seeken, robert reich, author of the new e book beyond outrage. that's how i feel when we start talking about congress and how it deals with some of our problems these days. okay. so is congress finally going to wake up because of this, bob? everybody has been saying it for months, years. is this going to do it for congress? >> hi, erin. officially, i don't think there's going to be any wake-up. i think one has to be beyond optimistic to think in an election year congress is going to actually compromise on anything. now, the hope is that with this warning shot by the cbo, at least behind the scenes staffers and maybe some moderate republicans to the extent there are any left and maybe some moderate democrats will get together and begin planning some way of avoiding this fiscal cliff. >> doug, do you think this will be a wake-up call? because i see that stat
cliff tomorrow if republicans would agree to extend the middle class tax cuts. okay. what we need from our leaders is leadership. that statement tells me we're going to be seeing more gridlock ahead. doug holt seeken, robert reich, author of the new e book beyond outrage. that's how i feel when we start talking about congress and how it deals with some of our problems these days. okay. so is congress finally going to wake up because of this, bob? everybody has been saying it for months, years....
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and democrats voted for this bill which now puts the country at this fiscal cliff that republicans and democrats for different reasons say will be disastrous, but siisn't it n incumbent for those who voted for it stay in town and fix it. you know the schedule, senator, you know you are gone for august and barely working and campaigning in september and october. don't you guys have a responsibility to stay here in town and fix it? >> i can tell you that candy, meetings are taking place this last week and before, and our gang of eight an equally divided democrats and republicans sitting around the table and working on the solution. we will continue to. we believe there is a responsible reasonable way to move forward, and we are going to try to put something on the table to be considered. let me be honest with you as well, in the next 100 days before the election, the political environment is not one for compromise and negotiation, but if we are prepared the day after the election to move forward with a plan that restores confidence in the economy and the able of congress to react to it,
and democrats voted for this bill which now puts the country at this fiscal cliff that republicans and democrats for different reasons say will be disastrous, but siisn't it n incumbent for those who voted for it stay in town and fix it. you know the schedule, senator, you know you are gone for august and barely working and campaigning in september and october. don't you guys have a responsibility to stay here in town and fix it? >> i can tell you that candy, meetings are taking place...
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first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are going to come from, guess who, the rich. >> if we can get the leadership on the republican side to take that framework, take knowledge of that reality, then the numbers actually aren't that far apart. >> where are the specifics, where are the discussions? nothing is going on. >> passing middle income tax cut means the end of holding them hostage from tax cuts for the middle -- for the rich. >> i think the next 72 hours are critical. if he sits back and continues to play politics, that will give your answer of where we're going. this
first, the fiscal cliff. the fiscal cliff sound bites, they are flying even if the actual negotiations are at a stand still. president obama says republicans, they're the ones that need to take the next step here. republicans say no way, ball's in your court, mr. president. >> we can probably solve this in about a week. it is not that tough. >> now we need a response from the white house. we can't sit here and negotiate with ourselves. now, the revenues we're put on the table are...
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the fact is any agreement to avoid a fiscal cliff facing us at the end of this year must not gut programs that support the middle class. must be balanced with policies that ask millionaires to help a little bit and do their fair share. >> so while the deficit hovers around a trillion a year, both parties are still arguing on how to reduce it. it is in a word, wearying. we were going to ask you your thoughts about congress but we already know. we'll ask you this question instead. is there a middle ground in dealing with the deficit? facebook.com/carolcnn. i'll read your responses later this hour. >>> the president has a to do list but will lawmakers get to work on it? we'll look at why this congress is getting -- we already know it has a bad reputation. we'll tell you if it can fix it. [ male announcer ] if you stash tissues like a squirrel stashes nuts, you may be muddling through allergies. try zyrtec® liquid gels. nothing starts working faster than zyrtec® at relieving your allergy symptoms for 24 hours. zyrtec®. love the air. ifif y youou'r're e lolookokinio allergygeget t totogeget
the fact is any agreement to avoid a fiscal cliff facing us at the end of this year must not gut programs that support the middle class. must be balanced with policies that ask millionaires to help a little bit and do their fair share. >> so while the deficit hovers around a trillion a year, both parties are still arguing on how to reduce it. it is in a word, wearying. we were going to ask you your thoughts about congress but we already know. we'll ask you this question instead. is there...
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. >>> can president obama romance republicans? or are we destined for that fiscal cliff? >>> got a joint? pot is about to be legal in two states but don't light up just yet. newsroom starts now. >>> good morning. thank you so much for being with me. i'm carol cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover from last week's devastation. up to eight inches of snow in some areas and power outages from delaware to maine. chewing into the coastline, leaving hundreds of thousands without electricity and heat. rob marciano is on new york's staten island, one of the hardest-hit areas from sandy, where residents now face a whole new set of problems. i just can't imagine the misery there, rob. >> reporter: no. the people that live here, just trying to survive here, they couldn't believe it was happening last night as well. snow was coming down, much more than we anticipated, matter of fact. we got probably four or five
. >>> can president obama romance republicans? or are we destined for that fiscal cliff? >>> got a joint? pot is about to be legal in two states but don't light up just yet. newsroom starts now. >>> good morning. thank you so much for being with me. i'm carol cost ello. this hour, superstorm sandy has a cruel, cold kitchen following in its footsteps. this new storm is lashing the northeast with snow, rains and wind and hitting the very same areas struggling to recover...
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together, what is next on the fiscal cliff on how republicans will deal with the diverse forward not looking back. we begin on the coming fiscal cliff when the budget cuts kick in. >> welcome to the capital. you heard everyone singing the kumbaya tune. you heard john boehner talking about the fact on the issue that has divided them on the fiscal cliff issue saying clearly that hedoes not want to raise taxes. he did say that maybe he would be for some kind of raising some kind of revenue. he didn't say what that means but talked about broad tax reform. on the other side of the capital. you saw right there the senate majority leader harry reid feeling like he has leverage here, it was a clear-cut issue, but also because of the mechanics of it. if nobody does anything, taxes will go up. so democrats realize that, they feel like they are probably right. >> there was a private conference call that he had, what do you know about it? >> we were told this was a call where all house repubca were on it. he was sober and he tried to buck everyone up and said that we are the lift line of defense
together, what is next on the fiscal cliff on how republicans will deal with the diverse forward not looking back. we begin on the coming fiscal cliff when the budget cuts kick in. >> welcome to the capital. you heard everyone singing the kumbaya tune. you heard john boehner talking about the fact on the issue that has divided them on the fiscal cliff issue saying clearly that hedoes not want to raise taxes. he did say that maybe he would be for some kind of raising some kind of revenue....
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republicans and democrats coming together to say it's not about politics, it's we have a fiscal cliff coming, 25% unemployment among the young this is not republican or democrat. this is not capitalist or occupy wall street. this is a problem for all of us, and what we do teahenry jackson initiative, we showcase companies, like -- like ibm, like starbucks, like -- >> at&t, ge. there's a whole list of them in the report and on the website, we basically highlight real examples of what companies are doing. and part of the initiative is to get companies talking to one another about what they are doing, what works, what dent work. then you can actually get groups of companies working together in clusters. one of the things discussed in the report is a minnesota group of civic leaders, business leaders, working in a regional development effort. there is a lot that can be done once you pose the problem. >> you are posing it to millions. it's time america's big businesses got together and talk to each other, get stuff done. get america back on track. >> absolutely. >> absolute. >> thank you,
republicans and democrats coming together to say it's not about politics, it's we have a fiscal cliff coming, 25% unemployment among the young this is not republican or democrat. this is not capitalist or occupy wall street. this is a problem for all of us, and what we do teahenry jackson initiative, we showcase companies, like -- like ibm, like starbucks, like -- >> at&t, ge. there's a whole list of them in the report and on the website, we basically highlight real examples of what...
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in terms of the payroll tax, you're right, even if they fix the fiscal cliff, very few expect the payroll tax holiday which was meant to be temporary, the extra few bucks, that's going to come to an end. >> you're no pollyana. christine romans. >> just the facts, ma'am. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [ male announcer ] use any citi card to get the benefits of private pass. more concerts, more events, more experiences. [ jack ] hey, who's boring now? [ male announcer ] get more access with the citi card. [ crowd cheering, mouse clicks ] [ male announcer ] how do you make 70,000 trades a second... ♪ reach one customer at a time? ♪ or help doctors turn billions of bytes of shared information... ♪ into a fifth anniversary of remission? ♪ whatever your business challenge, dell has the technology and services to help you solve it. i have a cold... i took dayquil, but i still have a runny nose. [ male announc
in terms of the payroll tax, you're right, even if they fix the fiscal cliff, very few expect the payroll tax holiday which was meant to be temporary, the extra few bucks, that's going to come to an end. >> you're no pollyana. christine romans. >> just the facts, ma'am. [ jack ] after lauren broke up with me, i went to the citi private pass page and decided to be...not boring. that's how i met marilyn... giada... really good. yes! [ jack ] ...and alicia. ♪ this girl is on fire [...
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it is about we have a fiscal cliff coming. we have 25% unemployment among the young. this is not republican or democratic, this is not capitalists or occupy wall street. this is a problem for all of us. and what we do with the henry jackson initiative is we showcase companies like ibm, like starbucks, like -- >> at&t, ge, there is a whole list of them that we have actually -- in the report and on the website, we basically highlight real examples of what companies are doing. and part of the initiative is to get companies talking to one another about what they are doing, what works, what does not work. then you can actually get groups of companies working together in clusters. one of the things discussed in the report is a minnesota group of civic leaders, business leaders, working in a regional development effort to improv competitiveness. so there is a lot that can be done, once you pose the problem. the problem is -- >> well, you posed it right now to millions of people watching this. it's time america's big business, the successful ones, got together, did what you g
it is about we have a fiscal cliff coming. we have 25% unemployment among the young. this is not republican or democratic, this is not capitalists or occupy wall street. this is a problem for all of us. and what we do with the henry jackson initiative is we showcase companies like ibm, like starbucks, like -- >> at&t, ge, there is a whole list of them that we have actually -- in the report and on the website, we basically highlight real examples of what companies are doing. and part...
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cliff and the president has threatened to give the republicans a shoutout. will that drag the economy down as well? details ahead. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm equipped for because i'm raising two girls on my own. i'll worry about the economy more than a few times before they're grown. but it's for them, so i've found a way. who matters most to you says the most about you. massmutual is owned by our policyholders so they matter most to us. massmutual. we'll help you get there. a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everyth
cliff and the president has threatened to give the republicans a shoutout. will that drag the economy down as well? details ahead. [ male announcer ] when this hotel added aflac to provide a better benefits package... oahhh! [ male announcer ] it made a big splash with the employees. [ duck yelling ] [ male announcer ] find out more at... [ duck ] aflac! [ male announcer ] ...forbusiness.com. ♪ ha ha! i'm an expert on softball. and tea parties. i'll have more awkward conversations than i'm...
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what about, you mentioned the fiscal cliff, the fiscal cliff is looming, called it a manufactured crisis. what about the republicans, though? your party -- do the republicans need to give in on opposition to raising taxes to help the deficit? do they need to give in? >> you know, the point is here, brooke, is have the committees address these issues in a timely fashion, as i mentioned, which would have been, frankly, last year, you know? asint committsign the committeed have had tax reform and get everybody on board. >> but that didn't happen. as we well know. what about now? what about republicans? will they give in? >> well, it is a question of what we're giving in -- it is not a question of giving in, it is what is it that we're going to address and how we're going to address it for the future of the country? what are the ideas and what is the merit of a plan and who is going to be drafting? we have to have people have been elected by their constituents, anticipating the committee process to get this done. that's why i argue with the majority of the leader in the letter. have us lay t
what about, you mentioned the fiscal cliff, the fiscal cliff is looming, called it a manufactured crisis. what about the republicans, though? your party -- do the republicans need to give in on opposition to raising taxes to help the deficit? do they need to give in? >> you know, the point is here, brooke, is have the committees address these issues in a timely fashion, as i mentioned, which would have been, frankly, last year, you know? asint committsign the committeed have had tax...
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good, so the question you asked is why are people not talking about the fiscal cliff and what would happen if mitt romney got elected? i was bemoussed by david brooks' logic in a recent column when he said the house republicans and transigence is a part of this and it wouldn't be different under obama, but under romney, of course, they would go along. and i just think that's false. i think if you have a package like the one being worked out in the senate where you could get 75 senators for it, simpson-bowles type package, 90% of the house republicans have signed on to the glorover norqut no taxes pledge. no way half of them would violate that, so there's no deal under romney. it's more likely to happen, although it's still dicy, under obama. >> and john was sort of saying the same thing. let's bring bob in. a senior lecturer at harvard business school. he also served as the secretary of economic affairs for mitt romney when he was the governor of massachusetts. bob, let's pick this conversation up. if mitt romney wins next week's election, how is he going to deal with the intransigence tha
good, so the question you asked is why are people not talking about the fiscal cliff and what would happen if mitt romney got elected? i was bemoussed by david brooks' logic in a recent column when he said the house republicans and transigence is a part of this and it wouldn't be different under obama, but under romney, of course, they would go along. and i just think that's false. i think if you have a package like the one being worked out in the senate where you could get 75 senators for it,...
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cliff and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's solve this. you see us, at the start of the day. on the company phone list that's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. hand-carved on the side of a cliff is the guoliang tunnel. what?! you've got to be kidding me. [ derek ] i've never seen a road like this. there's jagged
cliff and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. when you take a closer look... ...at the best schools in the world... ...you see they all have something very interesting in common. they have teachers... ...with a deeper knowledge of their subjects. as a result, their students achieve at a higher level. let's develop more stars in education. let's invest in our teachers... ...so they can inspire our students. let's...
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fiscal cliff, republican senator bob corker, the latest republican to say, all right. go ahead and raise taxes on the top 2%. here's what he said. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden, the shift goes back to entitlements. >> will, why not give him the 2% and then get what you want on the other issues that are on the table? >> well, senator corker's strategy, his analysis here has a little bit of merit. look, if we give in on the top 2%, if we just say, okay, you get your tax increases on people over $250,000. now what, democrats? now? all that entitlement you've been talking about that you're willing to look at reforming, let's look at it now. nothing's in the way of that. there's a little bit of merit to that. but it also requires you to believe that president obama and the democrats have a real interest in fulfilling that obligation, a real interest in examining entitlements, and i'm not s
fiscal cliff, republican senator bob corker, the latest republican to say, all right. go ahead and raise taxes on the top 2%. here's what he said. >> a lot of people are putting forth a theory, and i actually think it has merit, where you go ahead and give the president the 2% increase that he's talking about, the rate increase on the top 2%, and all of a sudden, the shift goes back to entitlements. >> will, why not give him the 2% and then get what you want on the other issues that...
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they'll go over the fiscal cliff and cause another recession. i choose not to believe that but i do believe they could come up with a framework of some kind. >> this beating has been so large, i think you'll find republicans, not accommodating, but very realistic. until they learn how to move far, are you going to find republicans -- right now we're looking at -- >> you see movement on immigration reform? >> i think you see movement right now -- revenues on democrats on upper inform income taxpayers. i don't think they should start with immigration, because it's a very polarizing issue. go to the economic stuff where you will find common ground. don't put immigration on the table first. the fighters will go to their respective corners and become polarized again. >> what's important is to set a new tone. he wants to in effect close the chapter on the first term. and open a new chapter with his relationship with congress. open a new chapter with a business, because there is hostility there. and i think he -- as churchill would argue, victory anigi
they'll go over the fiscal cliff and cause another recession. i choose not to believe that but i do believe they could come up with a framework of some kind. >> this beating has been so large, i think you'll find republicans, not accommodating, but very realistic. until they learn how to move far, are you going to find republicans -- right now we're looking at -- >> you see movement on immigration reform? >> i think you see movement right now -- revenues on democrats on upper...
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didn't exactly answer my question about the fiscal cliff, but appreciate your time, sir. ey where it is using bing elections. it's a good day for politics. which way do you lean politically? conservative. republican. well, using the bing news selector you can find news from whichever way you lean. (together) social on this side, financial. which party is currently predicted to win a majority in the senate? the republicans? would you make a bet on that? no. are you chicken? a short word that's a tall order. up your game. up the ante. and if you stumble, you get back up. up isn't easy, and we ought to know. we're in the business of up. everyday delta flies a quarter of million people while investing billions improving everything from booking to baggage claim. we're raising the bar on flying and tomorrow we will up it yet again. but proven technologies allow natural gas producers to supply affordable, cleaner energy, while protecting our environment. across america, these technologies protect air - by monitoring air quality and reducing emissions... ...protect water - through conservati
didn't exactly answer my question about the fiscal cliff, but appreciate your time, sir. ey where it is using bing elections. it's a good day for politics. which way do you lean politically? conservative. republican. well, using the bing news selector you can find news from whichever way you lean. (together) social on this side, financial. which party is currently predicted to win a majority in the senate? the republicans? would you make a bet on that? no. are you chicken? a short word that's a...
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this was the country on the verge of a fiscal cliff. so i would say that. i would say five million jobs, creating more jobs than george bush, his predecessor, who left him with $10 trillion in debt that your republican friend paul ryan was his wing man on, that the republicans left with him having to save the automobile industry, having to save the banking and financial services industry. i believe that you would get some credit for that. having mortgage foreclosures at a five-year low. so basically, what mitt romney has said is you haven't cleaned up fast enough. mitt romney has run for office a total of four times. he's only won once. that means he's got about a 25% chance of winning here. if he were an ipo he would not bet on himself. i think if you're going to talk about records, i'll put barack obama's record in public service up against mitt romney's every single time. >> okay. >> he was not a good governor of massachusetts. he's not even contesting massachusetts. >> i hear you. the problem that you have in the obama camp is as you say, momentum has m
this was the country on the verge of a fiscal cliff. so i would say that. i would say five million jobs, creating more jobs than george bush, his predecessor, who left him with $10 trillion in debt that your republican friend paul ryan was his wing man on, that the republicans left with him having to save the automobile industry, having to save the banking and financial services industry. i believe that you would get some credit for that. having mortgage foreclosures at a five-year low. so...
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cliff and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. >>> real politics now. a whole bunch of deadlines, the bush tax cuts expire, and spending cuts kick in. people refer to it as the fiscal cliff and the country will go over it if washington can't make a deal. they are willing to play some cliff-side hardball. the president will veto a bill that doesn't contain high tax hikes. house speaker john boehner is calling it the thelma and louise strategy. a scene from the movie. the two went over the cliff. they end up in a freeze frame hanging in mid-air. the credits rolled. the real economy might not do that. let's talk about the possibilities. dana bash, and ali velshi and gloria borger. you say when it comes to the fiscal cliff, there is virtually nothing going on behind the scenes, not from the president or the speaker of the house or either of their staffs. >> that's right. they're not talking to each other at all. i'm told from a leadership source that the speaker hasn't talk about
cliff and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. >>> real politics now. a whole bunch of deadlines, the bush tax cuts expire, and spending cuts kick in. people refer to it as the fiscal cliff and the country will go over it if washington can't make a deal. they are willing to play some cliff-side hardball. the president will veto a bill that doesn't contain high tax hikes. house speaker john boehner is...
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off the fiscal cliff. people decide they had agreed with the president. the president has leverage. after the first of the year he is going to have more help in the senate, more help in the house, and he will have automatically higher tax rates, so the question will be will the republicans in the house and senate vote to lower the rates for the middle class because they will have gone up. one way or the other it will be resolved. that $3,500 tax on families, it's not going to happen. the question is are they going to reach consensus before or after january 1st? >> it's the difference between the tax rates under president bush and also president clinton here. you mentioned the president having leverage. jennifer, do you think that he has a mandate going in. >> absolutely, i do. i do -- i mean, let me say something, suzanne, on that. president obama won by far more electoral votes and as it turns out now, with all the votes in, a significant amount of more popular vote. he has right now with millions still o
off the fiscal cliff. people decide they had agreed with the president. the president has leverage. after the first of the year he is going to have more help in the senate, more help in the house, and he will have automatically higher tax rates, so the question will be will the republicans in the house and senate vote to lower the rates for the middle class because they will have gone up. one way or the other it will be resolved. that $3,500 tax on families, it's not going to happen. the...
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the so-called fiscal cliff. and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve this. you see us, at the start of the day. on the company phone list at's a few names longer. you see us bank on busier highways. on once empty fields. everyday you see all the ways all of us at us bank are helping grow our economy. lending more so companies and communities can expand, grow stronger and get back to work. everyday you see all of us serving you, around the country, around the corner. us bank. he loves risk. but whether he's climbing everest, scuba diving the great barrier reef with sharks, or jumping into the market, he goes with people he trusts, which is why he trades with
the so-called fiscal cliff. and the president has threatened to give the republicans a shove. will that drag the economy down as well? details ahead. if we want to improve our schools... ... what should we invest in? maybe new buildings? what about updated equipment? they can help, but recent research shows... ... nothing transforms schools like investing in advanced teacher education. let's build a strong foundation. let's invest in our teachers so they can inspire our students. let's solve...
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and the first order of business on day one is averting the fiscal cliff. what are you suggesting the president do? >> so it's critical to do no harm. so the president has to reach out to congress and hopefully after some soul searching among the republican party of how do they lose the election, you'll get a lot more compromise and the president has to lead a compromise that in the first instance results in a mini bargain. then once it that headwind is out of the way, we can pivot to the more constructive elements long term which is long term fiscal reform, improving the functioning of the labor market, improving the flow of credit to small and medium term enterprises, and improving housing and housing if i nance. so in the short term, we move the headwind from the fiscal cliff.nance. so in the short term, we move the headwind from the fiscal cliff. beyond a that, put in conditions for high growth and it can be done if there's political collaboration. >> you've written this in fortune magazine. we've published it on cnnmoney.com. it's required reading for
and the first order of business on day one is averting the fiscal cliff. what are you suggesting the president do? >> so it's critical to do no harm. so the president has to reach out to congress and hopefully after some soul searching among the republican party of how do they lose the election, you'll get a lot more compromise and the president has to lead a compromise that in the first instance results in a mini bargain. then once it that headwind is out of the way, we can pivot to the...
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. >> we just can't go over the fiscal cliff. they all know that. so now it will be who gives up less and doesn't look like they are giving something up. you have to convince house republicans they will not suffer politically for raising taxes and they have to convince democrats to cut important programs. >> they signed the stupid deal with grover norquist and are held to it. congressional republicans have to say to grover, get out of our way. we get it, generally speaking we don't want to raise taxes on people, generally speaking we get lower taxes. >> those who signed the agreement will never say that. >> then everything has to be put on them. then it doesn't become the president's problem, it's congress's problem. >> so then how is it resolved? >> they have to compromise. it is -- if you ask voters as in the exit polls, they separated these out. this is a little misleading, but by 53 to 38 people, making sure i have that right, those people said the economy is a bigger problem than the deficit. but right now people actually, i think what they wou
. >> we just can't go over the fiscal cliff. they all know that. so now it will be who gives up less and doesn't look like they are giving something up. you have to convince house republicans they will not suffer politically for raising taxes and they have to convince democrats to cut important programs. >> they signed the stupid deal with grover norquist and are held to it. congressional republicans have to say to grover, get out of our way. we get it, generally speaking we don't...
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you go off a fiscal cliff, things are going to be very, very tough. i hear them talking about how they're the man to fix it, but i don't hear anybody saying exactly how critical this moment is for the economy. i guess you can't win saying it's going to be bad if you elect me. really bad if you elect him. >> that's right. i think you're right, christine. there's no big political advantage to explain the dire consequences to the situation. both from a debt and deficit perspective and from an economic perspective. there is no big win. bob talked about employment. right? i would also say in employment or economic issues, it's what -- which way we're trending, right? it can be bad right now, but is it getting better or worse? that's how we should judge both of the candidates. >> everyone thinks that they're middle class. people show the polls relate to middle class by how much money they make or middle class values. it is the holy grail, right, for candidates to try to appeal to the middle class. the middle class has been hammered. it is smaller. it is poo
you go off a fiscal cliff, things are going to be very, very tough. i hear them talking about how they're the man to fix it, but i don't hear anybody saying exactly how critical this moment is for the economy. i guess you can't win saying it's going to be bad if you elect me. really bad if you elect him. >> that's right. i think you're right, christine. there's no big political advantage to explain the dire consequences to the situation. both from a debt and deficit perspective and from...
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side on the fiscal cliff. some breaking news on what the white house asked for and whether republicans are going to give it to them. we're going to talk about that. back to you. >> we'll be watching you top of the hour. thanks so much. >> up next, the vice president of the united states, joe biden, goes shopping and eating. >> get fat just walking through this store. >> the vp visited costco, but needed some help with his shopping list. jeanne moos shows us why. to help those affected and to cover cleanup costs. today, the beaches and gulf are open, and many areas are reporting their best tourism seasons in years. and bp's also committed to america. we support nearly 250,000 jobs and invest more here than anywhere else. we're working to fuel america for generations to come. our commitment has never been stronger. of washington about the future of medicare and social security. anncr: but you deserve straight talk about the options on the... table and what they mean for you and your family. ancr: aarp is cutting
side on the fiscal cliff. some breaking news on what the white house asked for and whether republicans are going to give it to them. we're going to talk about that. back to you. >> we'll be watching you top of the hour. thanks so much. >> up next, the vice president of the united states, joe biden, goes shopping and eating. >> get fat just walking through this store. >> the vp visited costco, but needed some help with his shopping list. jeanne moos shows us why. to help...
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he says it's worse to give the republicans what they want, than to go off the fiscal cliff, quite frankly. and that's something you're hearing more from the left. they're saying it's more like a fiscal slope. it's not a fiscal cliff. you know, i'm telling you right now, if you go over this fiscal cliff the beginning of this year, companies aren't going to hire anybody. companies aren't going to invest. companies are going to sit back and wait and that means jobs -- >> how do you recover from that? >> exactly. >> we'll be talking about this for the next 53 days. christine romans, thanks very much. 27 minutes after the hour. they did it after katrina. and fema might do it again to help the victims of sandy. it's coming in the home of mobile homes. we'll tell you all about it. ♪ [ male announcer ] how could a luminous protein in jellyfish, impact life expectancy in the u.s., real estate in hong kong, and the optics industry in germany? at t. rowe price, we understand the connections of a complex, global economy. it's just one reason over 75% of our mutual funds beat their 10-year lipper av
he says it's worse to give the republicans what they want, than to go off the fiscal cliff, quite frankly. and that's something you're hearing more from the left. they're saying it's more like a fiscal slope. it's not a fiscal cliff. you know, i'm telling you right now, if you go over this fiscal cliff the beginning of this year, companies aren't going to hire anybody. companies aren't going to invest. companies are going to sit back and wait and that means jobs -- >> how do you recover...
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Oct 13, 2012
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it's going to be very important if he's re-elected that he helps us get over the fiscal cliff. if he can build consensus and we're already starting to see a little give on the republican side. you have tea party supporters talking about possibly higher taxes. >> is there something the president can achieve differently in the second term if the make-up of congress is the same? can that change? can he become more accommodating or schmoozey, what? >> he has to become more involved. if that means more schmoozey, maybe, but he has to be more involved. both sides are to blame. there's no question the republicans have dug in their heels. anything the president is for, they're against. it's also true, ali, anything therefore, the democrats are against. the democrats have pushed forward their proposals. they haven't passed. the republicans have pushed their proposals, they haven't passed. the president without a doubt will have to work harder on that in a second term. i think he'll get the infrastructure bank. republican governors want that money. the bigger question is taxes, entitleme
it's going to be very important if he's re-elected that he helps us get over the fiscal cliff. if he can build consensus and we're already starting to see a little give on the republican side. you have tea party supporters talking about possibly higher taxes. >> is there something the president can achieve differently in the second term if the make-up of congress is the same? can that change? can he become more accommodating or schmoozey, what? >> he has to become more involved. if...